If it gets even close to 20k the old 50 peso coins will be worth more than twice its face value in copper...right now its face value is 0.07 usd and its melt value is 0.035 usd.admin wrote: ↑Fri Oct 04, 2019 9:19 amso, some more about where the price of copper needs to go, to have a chance at the "carbon" targets:
https://amp.ft.com/content/b71d2cde-da1 ... 1f8d77a45b
$8,000 a ton to hit the 2030 targets.
$20,000 a ton to hit the "Greta" target, of zero emissions by 2025.
interesting point at the end. If humans dont hit those targets, and instead just try to adapt, that requires a whole lot more copper too. the example they use is Europeans buying air conditioners.
Of course the usd/clp dynamic will change on it's own with copper skyrocketing